CNBC Business News Update: Inflation, AI Stocks, Oil, and Mortgage Rates

A concise CNBC business news update covering the Thursday morning market open following Wednesday's decline in major indices. It focuses on inflation data, bond yield movements, AI stock sell-offs, oil price trends, and mortgage rate forecasts.

■ Market & Inflation
- Wednesday sell-off: Dow -48, S&P -86, Nasdaq -511
- September CPI at 3.7%, energy up 9.3%
- 10-year yield fell below 5.2% but markets remained down

■ AI & Tech
- AI stocks like CoreWeave, Oracle under pressure; Nvidia down 3%
- Netflix cuts 6% of workforce (about 1,000 jobs)

■ Oil & Energy
- Oil prices rose; container ship sank in Strait of Hormuz; Iran attacks on ships
- Record highs for oil stocks: Chevron, Exxon, etc.
- US fuel supply data expected; potential distillate shortage

■ Real Estate
- Fannie Mae forecasts mortgage rates at 7.4% Q4, 7.5% next year

■ Upcoming
- PPI data, earnings from Charles Schwab and Taiwan Semi, Southwest Airlines media day

Ideal for investors and business professionals seeking a quick summary of key market-moving news and economic indicators. Viewers will gain awareness of current trends and upcoming events to watch.